
Students in the Shark Tank
Clip: Season 1 Episode 257 | 2m 42sVideo has Closed Captions
Somerset's 10th annual investor panel.
Somerset's 10th annual investor panel.
Problems playing video? | Closed Captioning Feedback
Problems playing video? | Closed Captioning Feedback
Kentucky Edition is a local public television program presented by KET

Students in the Shark Tank
Clip: Season 1 Episode 257 | 2m 42sVideo has Closed Captions
Somerset's 10th annual investor panel.
Problems playing video? | Closed Captioning Feedback
How to Watch Kentucky Edition
Kentucky Edition is available to stream on pbs.org and the free PBS App, available on iPhone, Apple TV, Android TV, Android smartphones, Amazon Fire TV, Amazon Fire Tablet, Roku, Samsung Smart TV, and Vizio.
Providing Support for PBS.org
Learn Moreabout PBS online sponsorshipSomerset had its very own version of Shark Tank.
Last week, middle and high school students presented their unique business plans to a board of real investors for real investment dollars.
The Young Entrepreneurs Academy is a program.
It's an 18 week long program.
We start out, we have instructors that help me to local entrepreneurs themselves that actually help teach the class through the program.
We talk about marketing, whether they'll actually have a store front or if it's all online.
So it's just a lot of details.
They can actually walk into a bank with their business plan when they're finished and apply for a loan.
Tonight, as the investor panel, they will pitch their business.
It's kind of like Shark Tank.
They want to receive money.
They're asking for a certain amount of money.
And then they'll see what the investors put into their business.
And we will actually have one winner that will walk away with a scholarship, either a four year scholarship to Campbellsville University, or they can choose a two year for Somerset Community College.
One unit is one foot that and I was always for $7.
The exception of any customizations or additions to the bag.
After deducting delay and supply costs, I will make a profit of $2.55 per back.
So I wanted to get involved with the Young Entrepreneurs Academy because I have always wanted to have my own business in the future and this just taught me exactly how I needed to do it and all the steps I needed to do to prepare for it.
My business is a better bag coat and I use feed bags that you can find in Tractor supply or southern states or places like that.
And I when they're emptied and cleaned, I use them.
And so tote bags of various different sizes and shapes that you can use to carry anything and everything in.
And from the beginning class until the end of class.
The transformation from how the students perform until the end is just miraculous.
I did not like public speaking before this, and I am just in my presentation and it went very smoothly.
I hope to see a bright future for me in my business with the feedback that I've gotten already.
I think that a lot of people enjoy it and I think a lot of people think it's a good idea and I'm really glad.
It's all community.
We do the program with sponsorship through our community, whether that be monetary amounts, because we do give money, real money instead of the play money to the students and then to also assist with the program itself.
So it's all based on our community and the support.
The winning business was Lacey Johnson's plan for a mobile petting zoo.
She now moves on to the national competition in Rochester, New York.
Video has Closed Captions
Clip: S1 Ep257 | 3m 31s | High school senior cultivates understanding through advocacy club. (3m 31s)
Providing Support for PBS.org
Learn Moreabout PBS online sponsorship- News and Public Affairs
Top journalists deliver compelling original analysis of the hour's headlines.
- News and Public Affairs
FRONTLINE is investigative journalism that questions, explains and changes our world.
Support for PBS provided by:
Kentucky Edition is a local public television program presented by KET